Business rate multipliers

Part of: How business rates are calculated

We work out your business rate bill by multiplying the rateable value of the property by the rate multiplier or ‘poundage’, which the government sets from the 1 April each year.

Current multipliers

There are 2 multipliers:

  • the small business multiplier for occupied properties which have a rateable value below £51,000 – for 2024/25 this is 49.9p in the pound
  • the multiplier for empty properties and properties with a rateable value above £51,000 – this is 56.4p in the pound and includes a supplement to pay for small business rate relief

Multipliers by year

Financial Year Multiplier Small business rate relief qualifiers
2024/25 0.546 0.499
2023/24 0.512 0.499
2022/23 0.512 0.499
2021/22 0.512 0.499
2020/21 0.512 0.499
2019/20 0.504 0.491
2018/19 0.493 0.480
2017/18 0.479 0.466
2016/17 0.497 0.484

Contact the business rates team

Our phone line is open Monday, Tuesday and Thursday, 9am to 5pm.

The above address is for written correspondence only.

We are unable to see customers in person. Our Customer Services Centres can accept copies of documents but will not be able to answer any questions about your Business Rates.